Osisko Gold Royalties (NYSE:OR) Trading Down 2.6% – What’s Next?

Osisko Gold Royalties Ltd (NYSE:OR)’s stock price fell 2.6% during mid-day trading on Wednesday . The company traded as low as $18.24 and last traded at $18.24. 101,692 shares were traded during trading, a decline of 75% from the average session volume of 410,289 shares. The stock had previously closed at $18.73.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Jefferies Financial Group upped their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, TD Securities lowered shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Price Performance

The stock’s 50 day simple moving average is $18.93 and its two-hundred day simple moving average is $18.37. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -88.98 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.048 dividend. This represents a $0.19 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio is -85.71%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in shares of Osisko Gold Royalties by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company’s stock worth $3,736,000 after buying an additional 27,400 shares during the period. Fiera Capital Corp raised its stake in Osisko Gold Royalties by 3.7% during the third quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company’s stock worth $14,133,000 after acquiring an additional 26,917 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Osisko Gold Royalties during the third quarter valued at $746,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Osisko Gold Royalties by 45.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company’s stock valued at $7,783,000 after purchasing an additional 131,558 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Osisko Gold Royalties by 237.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after purchasing an additional 1,391,005 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.